. >> sreenivasan: the obama administration will not pursue offshore drilling off the east coast and in the eastern gulf of mexico, after all. the interior department announced the policy today, reversing a drilling plan laid out last march, before the b.p. oil spill in the gulf. the updated plan means no new drilling proposals off the east coast for at least seven years. wall street had a big day, after some encouraging economic news. the dow jones industrial average gained more than 249 points-- he most in three months-- to close above 11,255. the nasdaq rose 51 points to close at 2,549. the rally came as new reports showed employment at small companies jumped in november, by the most in three years. and, ford, chrysler and general motors reported double-digit sales increases for the month. a deep freeze swept across europe today, snarling air and road traffic and killing at least eight people. heavy snow shut down airports in geneva, switzerland and several in france. in britain, it was the earliest, coldest weather in 17 years. and snow and ice socked in hundreds of flights at gatwi